In Full Awareness

Second job at sedan service can fund your retirement

sedan-clearIn today’s economy, one salary may not cut it.

Second jobs, even third jobs, are often the norm.

Let’s take a look at how we can supplement our income to not just survive, but to thrive in today’s economy.

First, you need to budget yourself to live on your main income. If you are single and making $40,000 a year, you need to live on it. If you are having problems paying your bills, you need to take a deep look at your expenses and see where you can cut.

For example, if you are living in a two-bedroom apartment by yourself, consider renting out the second room. Take a look at your monthly entertainment bill. Are you paying for Hulu, Netflix and Amazon Prime? If you are, cut out one and save $8 a month, which may not sound like it is a lot of money, but if you find 12 $8 savings you can cut your monthly expenses by $96.

Where else can you save:

  • Auto insurance. I saved $40 a month when I switched from my longtime insurance carrier to another company.
  • Movies. Check out the morning movies which can be significantly cheaper than evening shows. Also, Regal has $6 Tuesdays along with value specials at the concession stand. If you go to a lot of movies, you can save $10-$20 a month. If you smuggle food in, you can really save and, eat healthy depending on what you bring in.
  • Consolidate all your credit card debt with a 0% balance transfer for 18 months.
  • Get out of credit card debt. This just sucks money every month. I have taken my credit cards out of my wallet and left them home. It’s amazing that I haven’t put purchases on them since I did this. Pay them down as quickly as possible.
  • Cut back on your cable bill. Pay for basic with internet service and watch everything else online.
  • Cut back on eating out.
  • Buy generic.

Now, that is where you can start to save money on expenses. You still may need to make extra money.

Here are some ways to make extra money, and, if you are living on your day job’s check, you will be able to bank this money for emergencies and retirement. Jobs, which offer extra income  and flexible hours, include:

  • Sedan service driver from companies like Blue Ribbon Transportation. Check out your local sedan service to see if they need drivers in the evenings and weekends.
  • Online business. Learn how to sell items on Ebay or open your own e-commerce store.
  • Use your skills to work for another company 16 hours a week.
  • Seasonal jobs at retail stores during the holiday shopping season or positions at tourist destinations during high season.
  • Turn your hobby into a business
  • Check out Fiverr, an online marketingplace where people sell things for $5 (but make more money with upsells). If you can learn how to create something people want and you can streamline the process to do it in bulk, you can make a good amount of money online.

These are just a few ideas on how to save money and add a second job. Just google online and you will find 100s of tips on how to thrive in today’s economy.

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